Corning Company Profile (NYSE:GLW)

About Corning

Corning logoCorning Incorporated (Corning) is engaged in the manufacture of specialty glass and ceramics. The Company operates in five segments: Display Technologies, which manufactures glass substrates; Optical Communications, which is engaged in providing optical solutions; Environmental Technologies, which manufactures ceramic substrates and filter products; Specialty Materials, which manufactures products that provide over 150 material formulations for glass, glass ceramics and fluoride crystals, and Life Sciences segment, which is a developer, manufacturer and supplier of scientific laboratory products. The Display Technologies segment develops, manufactures and supplies glass substrates using a fusion manufacturing process. It manufactures and processes products at approximately 90 plants in approximately 20 countries. Corning offers its products under the trademarks, including Corning, Celcor, ClearCurve, DuraTrap, Eagle XG, Epic, Gorilla, HPFS, Pyrex, Steuben, Falcon, SMF-28e and Willow.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Diversified Electronics
  • Sub-Industry: Electronic Components
  • Exchange: NYSE
  • Symbol: GLW
  • CUSIP: 21935010
Key Metrics:
  • Previous Close: $23.89
  • 50 Day Moving Average: $23.236
  • 200 Day Moving Average: $21.470
  • 52-Week Range: C$16.13 - C$24.14
  • Trailing P/E Ratio: 12.730
  • Foreward P/E Ratio: 15.22
  • P/E Growth: 1.120
  • Market Cap: $23.96B
  • Outstanding Shares: 1,036,877,000
  • Beta: 1.34
  • Net Margins: 25.53%
  • Return on Equity: 9.65%
  • Return on Assets: 5.60%
  • Debt-to-Equity Ratio: 0.23%
  • Current Ratio: 4.39%
  • Quick Ratio: 3.78%
Additional Links:
Companies Related to Corning:

Analyst Ratings

Consensus Ratings for Corning (NYSE:GLW) (?)
Ratings Breakdown: 2 Sell Ratings, 6 Hold Ratings, 7 Buy Ratings
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: C$21.95 (8.12% downside)

Analysts' Ratings History for Corning (NYSE:GLW)
DateFirmActionRatingPrice TargetDetails
10/3/2016Deutsche Bank AGReiterated RatingBuyView Rating Details
9/28/2016SusquehannaReiterated RatingPositive$25.00 -> $27.00View Rating Details
9/21/2016Bank of America Corp.Reiterated RatingSell$17.50View Rating Details
8/26/2016Goldman Sachs Group Inc.Reiterated RatingBuyView Rating Details
8/26/2016Citigroup Inc.Boost Price TargetBuy$23.00 -> $26.00View Rating Details
6/12/2016ArgusReiterated RatingBuyView Rating Details
6/13/2016Standpoint ResearchDowngradeBuy -> HoldView Rating Details
6/10/2016Drexel HamiltonDowngradeHold -> Sell$21.03 -> $14.50View Rating Details
5/16/2016Sterne Agee CRTReiterated RatingNeutralView Rating Details
4/26/2016Morgan StanleyReiterated RatingHoldView Rating Details
4/27/2016Jefferies GroupReiterated RatingHoldView Rating Details
1/28/2016Oppenheimer Holdings Inc.Reiterated RatingMarket PerformView Rating Details
1/11/2016Barclays PLCReiterated RatingOverweight$22.00View Rating Details
12/17/2015JPMorgan Chase & Co.DowngradeOverweight -> Neutral$20.00 -> $18.00View Rating Details
10/28/2015Royal Bank Of CanadaBoost Price TargetOutperform$21.00 -> $24.00View Rating Details
8/3/2015Cantor FitzgeraldReiterated RatingHold$17.00View Rating Details
7/29/2015Benchmark Co.Lower Price TargetHold$19.50 -> $17.00View Rating Details
4/30/2015HSBCDowngradeBuy -> HoldView Rating Details
4/29/2015Credit Agricole SADowngradeUnderperform -> Sell$20.00View Rating Details
(Data available from 10/25/2014 forward)


Earnings History for Corning (NYSE:GLW)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/25/2016Q316$0.38$0.42$2.52 billion$2.51 billionViewListenView Earnings Details
7/27/2016Q216$0.32$0.37$2.38 billion$2.36 billionViewListenView Earnings Details
4/26/2016Q116$0.28$0.28$2.23 billion$2.17 billionViewListenView Earnings Details
1/26/2016Q415$0.32$0.34$2.33 billion$2.40 billionViewListenView Earnings Details
10/27/2015Q315$0.35$0.34$2.52 billion$2.45 billionViewListenView Earnings Details
7/28/2015Q215$0.37$0.38$2.54 billion$2.52 billionViewListenView Earnings Details
4/28/2015Q115$0.33$0.35$2.48 billion$2.43 billionViewN/AView Earnings Details
1/27/2015Q414$0.38$0.45$2.50 billion$2.50 billionViewN/AView Earnings Details
10/28/2014Q314$0.37$0.40$2.63 billion$2.60 billionViewN/AView Earnings Details
7/29/2014Q214$0.38$0.37$2.53 billion$2.58 billionViewN/AView Earnings Details
4/28/2014Q114$0.30$0.31$2.30 billion$2.40 billionViewN/AView Earnings Details
1/27/2014Q413$0.27$0.29$1.95 billion$2.01 billionViewN/AView Earnings Details
10/30/2013Q313$0.32$0.33$2.09 million$2.10 millionViewN/AView Earnings Details
7/30/2013Q2 2013$0.31$0.32$1.97 billion$2.00 billionViewN/AView Earnings Details
4/24/2013Q1 2013$0.24$0.30$1.96 billion$1.80 billionViewN/AView Earnings Details
1/29/2013Q4 2012$0.33$0.34$2.07 billion$2.15 billionViewN/AView Earnings Details
10/24/2012$0.32$0.34ViewN/AView Earnings Details
7/25/2012$0.31$0.31ViewN/AView Earnings Details
4/25/2012$0.28$0.30ViewN/AView Earnings Details
1/25/2012$0.33$0.33ViewN/AView Earnings Details
10/26/2011$0.42$0.48ViewN/AView Earnings Details
7/27/2011$0.47$0.48ViewN/AView Earnings Details
4/27/2011$0.44$0.47ViewN/AView Earnings Details
1/25/2011$0.47$0.46ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Corning (NYSE:GLW)
Current Year EPS Consensus Estimate: $1.41 EPS
Next Year EPS Consensus Estimate: $1.57 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20164$0.27$0.34$0.30
Q2 20163$0.31$0.33$0.32
Q3 20163$0.35$0.40$0.37
Q4 20163$0.35$0.44$0.38
Q1 20172$0.27$0.34$0.31
Q2 20172$0.36$0.39$0.38
Q3 20172$0.42$0.42$0.42
Q4 20172$0.40$0.45$0.43
(Data provided by Zacks Investment Research)


Current Dividend Information for Corning (NYSE:GLW)
Annual Dividend:$0.54
Dividend Yield:2.26%
Dividend Growth:15.10% (3 Year Average)
Payout Ratio:29.51% (Based on Trailing 12 Months of Earnings)
38.30% (Based on Current Year Consensus EPS Estimate)
34.39% (Based on Next Year Consensus EPS Estimate)
Track Record:5 Years of Consecutive Dividend Growth

Dividend History for Corning (NYSE:GLW)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Corning (NYSE:GLW)
Insider Ownership Percentage: 0.60%
Institutional Ownership Percentage: 73.65%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/28/2016David L MorseInsiderSell18,000C$23.50C$423,000.00View SEC Filing  
9/7/2016Martin J CurranVPSell54,416C$22.87C$1,244,493.92View SEC Filing  
8/15/2016James P ClappinInsiderSell15,000C$23.00C$345,000.00View SEC Filing  
8/11/2016David L MorseInsiderSell9,000C$23.00C$207,000.00View SEC Filing  
8/10/2016Lisa FerreroInsiderSell48,000C$22.86C$1,097,280.00View SEC Filing  
8/8/2016Martin J CurranVPSell18,000C$22.89C$412,020.00View SEC Filing  
8/2/2016Wendell P WeeksCEOSell68,250C$22.21C$1,515,832.50View SEC Filing  
8/1/2016Eric S MusserVPSell56,853C$22.37C$1,271,801.61View SEC Filing  
7/29/2016R Tony TripenyInsiderSell7,500C$22.27C$167,025.00View SEC Filing  
7/28/2016James P ClappinInsiderSell15,000C$22.00C$330,000.00View SEC Filing  
7/28/2016Lawrence D McraeVice ChairmanSell57,333C$22.26C$1,276,232.58View SEC Filing  
7/28/2016Martin J CurranVPSell9,000C$21.86C$196,740.00View SEC Filing  
6/8/2016Kirk P GreggCAOSell24,000C$20.93C$502,320.00View SEC Filing  
6/7/2016Mark S RogusVPSell10,896C$21.18C$230,777.28View SEC Filing  
6/7/2016R Tony TripenyCFOSell7,500C$21.17C$158,775.00View SEC Filing  
5/26/2016Kirk P GreggCAOSell20,000C$20.08C$401,600.00View SEC Filing  
2/29/2016Robert HinchcliffeDirectorBuy47,000C$0.05C$2,115.00
2/19/2016Kirk P GreggCAOSell20,000C$18.51C$370,200.00View SEC Filing  
2/17/2016Jeffrey W. EvensonVPSell53,008C$19.03C$1,008,742.24View SEC Filing  
2/10/2016Lawrence D. McraeVice ChairmanSell34,000C$18.54C$630,360.00View SEC Filing  
2/4/2016James B FlawsVice ChairmanSell69,519C$18.50C$1,286,101.50View SEC Filing  
12/15/2015Lewis A SteversonSVPSell28,437C$17.99C$511,581.63View SEC Filing  
12/4/2015Robert HinchcliffeDirectorBuy105,000C$0.08C$7,875.00
10/8/2015Robert HinchcliffeDirectorBuy25,000C$0.08C$2,000.00
9/18/2015Robert HinchcliffeDirectorBuy25,000C$0.09C$2,125.00
9/1/2015Martin J CurranVPBuy35,820C$16.67C$597,119.40View SEC Filing  
9/1/2015Robert HinchcliffeDirectorBuy5,000C$0.08C$400.00
8/31/2015Robert HinchcliffeDirectorBuy2,000C$0.08C$160.00
8/28/2015Robert HinchcliffeDirectorBuy11,000C$0.08C$880.00
5/5/2015Robert HinchcliffeDirectorBuy49,000C$0.09C$4,165.00
3/16/2015Robert HinchcliffeDirectorBuy100,000C$0.08C$7,500.00
2/27/2015Clark S KinlinEVPSell12,932C$24.54C$317,351.28View SEC Filing  
2/23/2015Eric S MusserVPSell11,578C$24.94C$288,755.32View SEC Filing  
2/18/2015James B FlawsCFOSell145,043C$24.58C$3,565,156.94View SEC Filing  
2/18/2015Kirk P GreggVPSell50,869C$24.62C$1,252,394.78View SEC Filing  
2/18/2015Wendell P WeeksCEOSell64,992C$24.49C$1,591,654.08View SEC Filing  
2/10/2015Eric S MusserVPSell18,000C$24.50C$441,000.00View SEC Filing  
2/6/2015Clark S KinlinEVPSell21,500C$24.35C$523,525.00View SEC Filing  
1/30/2015Kirk P GreggVPSell131,703C$23.89C$3,146,384.67View SEC Filing  
1/30/2015Wendell P WeeksCEOSell242,250C$23.91C$5,792,197.50View SEC Filing  
1/28/2015David L MorseEVPSell61,168C$25.02C$1,530,423.36View SEC Filing  
1/28/2015Eric S MusserVPSell38,000C$24.75C$940,500.00View SEC Filing  
1/28/2015James B FlawsCFOSell339,500C$24.63C$8,361,885.00View SEC Filing  
1/28/2015Kurt M LandgrafDirectorSell6,775C$24.89C$168,629.75View SEC Filing  
11/24/2014Clark S KinlinEVPSell59,916C$20.84C$1,248,649.44View SEC Filing  
10/30/2014Robert HinchcliffeDirectorBuy200,000C$0.05C$10,000.00
9/10/2014Hansel E Tookes IIDirectorSell8,611C$21.09C$181,605.99View SEC Filing  
8/27/2014Clark S KinlinEVPSell19,137C$20.57C$393,648.09View SEC Filing  
8/21/2014Wendell P WeeksCEOSell130,000C$20.73C$2,694,900.00View SEC Filing  
8/5/2014Kirk P GreggVPSell41,000C$19.89C$815,490.00View SEC Filing  
8/4/2014Lewis A SteversonSVPSell30,102C$20.00C$602,040.00View SEC Filing  
5/30/2014David L MorseEVPSell11,027C$21.27C$234,544.29View SEC Filing  
5/14/2014Clark KinlinEVPSell32,500C$21.23C$689,975.00View SEC Filing  
5/2/2014Kirk GreggVPSell93,000C$21.03C$1,955,790.00View SEC Filing  
5/1/2014Wendell WeeksCEOSell150,000C$21.07C$3,160,500.00View SEC Filing  
2/19/2014Kirk GreggVPSell12,618C$19.05C$240,372.90View SEC Filing  
2/18/2014David MorseEVPSell9,265C$19.16C$177,517.40View SEC Filing  
2/18/2014James FlawsCFOSell20,499C$19.16C$392,760.84View SEC Filing  
2/18/2014Wendell WeeksCEOSell44,164C$19.16C$846,182.24View SEC Filing  
2/12/2014James FlawsCFOSell190,335C$18.59C$3,538,327.65View SEC Filing  
11/22/2013Wendell WeeksCEOSell250,000C$17.05C$4,262,500.00View SEC Filing  
11/21/2013R Tony TripenyVPSell22,750C$17.13C$389,707.50View SEC Filing  
11/20/2013David MorseEVPSell2,255C$16.87C$38,041.85View SEC Filing  
11/15/2013Deborah RiemanDirectorSell5,132C$16.90C$86,730.80View SEC Filing  
11/4/2013John Seely BrownDirectorSell5,132C$17.29C$88,732.28View SEC Filing  
2/13/2013Robert F Cummings JrDirectorBuy30,000C$12.61C$378,300.00View SEC Filing  
11/16/2012Gordon GundDirectorBuy170,000C$10.76C$1,829,200.00View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for Corning (NYSE:GLW)
News IconCorning Incorporated's (GLW): See the most Active Stock of Market - Hot Stocks Point (NYSE:GLW) - October 25 at 10:09 AM
News IconStunning Stock of Day – Corning Incorporated's (GLW) | Hot Stocks ... - Hot Stocks Point (NYSE:GLW) - October 25 at 10:09 AM logoCorning tops Street 3Q forecasts (NYSE:GLW) - October 25 at 10:09 AM logoCorning (GLW) Beats on Q3 Earnings, Revenues Up Y/Y (NYSE:GLW) - October 25 at 10:09 AM logoCorning (GLW) Stock Slumps on Soft Q3 Revenue (NYSE:GLW) - October 25 at 10:09 AM logoNoteworthy Monday Option Activity: ANGI, NVDA, GLW (NYSE:GLW) - October 24 at 5:03 PM logoWhat to Expect When Corning Reports Earnings (NYSE:GLW) - October 24 at 5:03 PM logoTelecom Stocks to Watch for Q3 Earnings on Oct 25: GLW, JNPR (NYSE:GLW) - October 24 at 10:30 AM
News IconDiversified Electronics: Corning Incorporated (NYSE:GLW) Position of the day (NYSE:GLW) - October 23 at 9:45 AM
News IconCorning Incorporated(NYSE:GLW) Declares Dividend of $0.1350 (NYSE:GLW) - October 21 at 5:20 PM
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News IconUpdate on Corning Incorporated (NYSE:GLW) for the day (NYSE:GLW) - October 18 at 5:09 PM logoGLW January 2019 Options Begin Trading - Forbes - Forbes (NYSE:GLW) - October 18 at 10:16 AM
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News IconLeading stocks in today’s market: Corning Incorporated (NYSE:GLW) (NYSE:GLW) - October 16 at 9:50 AM logoCorning Incorporated (GLW) - Medical Equipment - Deals and Alliances Profile - New Market Study Published (NYSE:GLW) - October 14 at 8:20 AM logoCorning Stock Sees Short Interest Decline 27% (NYSE:GLW) - October 14 at 8:19 AM
News IconHigh Market Cap Stock of the Day – Corning Incorporated (NYSE:GLW) (NYSE:GLW) - October 13 at 5:19 PM
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News IconArvest Bank Trust Division adds Corning Incorporated (GLW) to its portfolio (NYSE:GLW) - October 12 at 10:17 AM
News IconCorning Inc. (GLW) Receives Average Rating of "Hold" from Analysts (NYSE:GLW) - October 12 at 10:17 AM logoCorning Stock May Be Peaking (NYSE:GLW) - October 12 at 10:17 AM
News IconLarge Cap Diversified Electronics: Corning Incorporated (NYSE:GLW) (NYSE:GLW) - October 11 at 5:27 PM logoCorning, Inc. : GLW-US: Dividend Analysis : August 31st, 2016 (record date) : By the numbers : October 11, 2016 (NYSE:GLW) - October 11 at 5:27 PM logoInteresting November Stock Options for GLW (NYSE:GLW) - October 10 at 4:59 PM
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News IconNotable SEC Filing: As Corning INC (GLW) Market Value Declined, Hotchkis & Wiley Capital Management LLC Has ... - Chester News (NYSE:GLW) - October 6 at 5:07 PM
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Corning (NYSE:GLW) Chart for Tuesday, October, 25, 2016

Last Updated on 10/25/2016 by Staff